On the eve of the the India Art Summit, Forbes India finds a silver lining in the art market reset that so many Indian Contemporary artists experienced in the wake of the credit crisis:
Richa Karpe, director at Altamount Capital, a firm that specialises in advising rich families on investments, says that 2008 was good because it brought a sense of reality. “Every artist cannot be a collector’s item 50 years from now,” says Karpe. She says she gets scared when a family asks her to take them around and make them buy art. “It is dangerous territory to get into, as the objective is ‘how much money will I make?’.”
Dealing with the Young at Art (Forbes India)
